Four-Story Storefront
5301 7th Avenue, Brooklyn, NY 11220
For Sale
$4,990,000
The property is positioned along a commercial corridor near shops, dining, and public transportation.
Property Size6,970 SF
Price / SF$715.93
Days on Market78
Property Features for 5301 7th Avenue
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Stories
Listing Agency:
Tiger Realty
Listed By:
Patsy P. He
(917) 708-9966
Source:
Gosenproperties
Added: Aug 22
Changed: Oct 30
Last Checked: Nov 4 at 7:33AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Tiger Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This four-floor storefront property was built in 1899. Residential conversion may be considered, subject to zoning requirements and all necessary permits and approvals.
The property is on 7th Avenue in Sunset Park, near 8th Avenue and within reach of schools, supermarkets, retail, restaurants, and public transportation.
The property is on 7th Avenue in Sunset Park, near 8th Avenue and within reach of schools, supermarkets, retail, restaurants, and public transportation.
Key Highlights
- Four floors
- Built in 1899
- On 7th Avenue in Sunset Park, near 8th Avenue
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$184,016
Cap Rate
3.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,680,320
$3.7M
Cap Rate 7%
$2,628,800
$2.6M
Cap Rate 9%
$2,044,622
$2.0M
Market Conditions
NOI Build-Up for 6,970 SF
Gross rent
$292.7K $42.00/SF
− Vacancy
−$29.9K −$4.28/SF
EGI
$262.9K $37.72/SF
− OpEx
−$78.9K −$11.31/SF
NOI
$184.0K $26.40/SF
Area
ZIP 11220
Vacancy
10.20%
Lease Rate
$42.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,680,320
Cap Rate 7%
$2,628,800
Cap Rate 9%
$2,044,622
Alternative Uses
Best Use
Retail
$2.63M
$2.30M – $3.07M
NOI $184,016 @ 7.0% cap · market cap 3.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.52M
$3.95M – $5.27M
NOI $316,293 @ 7.0% cap · market cap 6.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
7,331
Businesses Nearby
70k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 44%
Groceries 22%
Dining 15%
Apparel 9%
Bravo Supermarkets
Groceries
15,635 visits/mo
0.5 miles
Shell
Shops & Services
14,799 visits/mo
0.5 miles
Chase Bank
Shops & Services
13,539 visits/mo
0.4 miles
Carvel Ice Cream
Dining
5,481 visits/mo
0.3 miles
Jimmy Jazz
Apparel
3,391 visits/mo
0.3 miles
Demographics for 11220, NY
105,797
Population
30,897
Households
3.4
Avg Household Size
35
Median Age
25%
College-Educated
62%
High-School Grad
1.7 sq mi
ZIP Area
62,234
Density / Sq Mi
$64,201
Median Household Income
$31,489
Median Earnings
$1,688
Median Rent
$1,021,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Storefront properties in Brooklyn, NY
Properties on Market for Storefront properties in Brooklyn
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- DAISY’S FLOWER SPOT — 5503 New Utrecht Ave, Brooklyn, NY 11219
- flowers and gifts — Ft Hamilton Pkwy/60 St, Brooklyn, NY 11219
- Top Florists & Gifts — 983 63rd St, Brooklyn, NY 11219
- Ms. Vicky's I. Garden — 5502 55th St, Brooklyn, NY 11219
- Kineret Florist — 5306 13th Ave, Brooklyn, NY 11219
Frequently Asked Questions
What type of property is this?
Storefront property - The property is positioned along a commercial corridor near shops, dining, and public transportation.
Where is this storefront property located?
The property is located at 5301 7th Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $4,990,000.
What are key features of this property?
This property features: Four floors; Built in 1899; On 7th Avenue in Sunset Park, near 8th Avenue
